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20121202
20121210
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now elaine quijano tells us new orleans firefighters are returning the favor following sandy. >> what would you want to say to these guys? >> i love them for coming up here. this is the captioning sponsored by cbs this is the "cbs evening news." >> jeff: good evening, i'm jeff glor. they are the storms that don't seem to quit. torrential rains and powerful winds sweeping across northern california one more time. thousands are without power. and rising floodwaters are threatening many more. still it could have been much worse. carter evans is in sonoma tonight. >> reporter: this was the last punch in a weather system that's been pounding california for five days. and it was supposed to be the worst. the rains came with a vengence, high winds uprooted trees and overturned trucks near san francisco. to the east colder temperatures turned heavy rain into snow, saving the mountain town of truckee from the predicted flooding. california's wine country had also braced for the worst. >> the water was coming very fast and furious but the cole vert system that we've created was able to
to 7.7%, the lowest in four years. 146,000 jobs were created in spite of super storm sandy and the fiscal cliff threat. joining us now to talk more about that cliff is mark zandi, reief economist at moody's analytics. mark, is that threat credible? i guess we saw hiring last month, the stock market is hanging in there. what's the feeling on the part i thorporate america? bu well, you know, i think businesses feel like we're going deget a deal. they expect the president and house speaker boehner to come together and get this done. if they didn't, they'd be laying off workers, and as we can see by the data they are not doing nhat. eut they are cautious, and appropriately so. washington can botch this so gtey aren't very aggressive with their hiring. ehey pulled back on their pnvestment on their advertising. wey also realize tax rates are going up next year, so what they're doing is announcing special dividends and pulling dividends forward into this year because they realize that tax rates on dividends next year will be higher. so they're trying to give their shareholders a b
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